Seeking Alpha

Facebook (FB -3.6%) has fallen below $27 in the wake of Bernstein's critical report and news of...

Facebook (FB -3.6%) has fallen below $27 in the wake of Bernstein's critical report and news of a new Google local ad sales push. Other volatile Internet and social media names are unsurprisingly also diving: ZNGA -4.2%. GRPN -7.9%. YELP -6.8%. RENN -5.1%. Z -5.9%. Henry Blodget, who previously set a $16-$24 PT range for Facebook, discusses how multiple compression appears inevitable for the company as growth slows, judging by the histories of tech giants.
Comments (6)
  • I posted a chart right now showing that Facebook is currently setup for a nice bounce upward. http://bit.ly/Lt0ndp
    4 Jun 2012, 02:15 PM Reply Like
  • Pandora usually gets hammered when these other names all fall in a group, but not today. Lots of room to run back up to $12 which it hit as recently as May 24th.
    4 Jun 2012, 02:42 PM Reply Like
  • wow the charts were screaming facebook would be coming back...had a nice gain today.

     

    it crashed..locked in 12% profit with options...caught it at the bottom and right before green..plunged.
    4 Jun 2012, 03:46 PM Reply Like
  • Zynga announces it's going into gambling big time. Although it is not legal yet in the US that has not stopped them from going into Canada and play for REAL coin.
    Why don't the FaceBook haters see where this is going? The next closest "gambling" enterprise is only a tenth the size of Facebook. The income from these ventures is going to be enormous.
    4 Jun 2012, 04:03 PM Reply Like
  • i can see Zynga in gambling but Facebook?? Not with the rugrats allowed in to the game site as is planned.
    4 Jun 2012, 05:10 PM Reply Like
  • Still, once price settles, and the overall markets rise, and the very high volatility on FB calms down, buying DITM CALLs Jan 2014 might make one a lot of money...
    4 Jun 2012, 04:04 PM Reply Like
DJIA (DIA) S&P 500 (SPY)